Federal reserve board - Study guides, Class notes & Summaries

Which law ensures lenders use an annual percentage rate (APR) so that the borrowers have the information they need to make informed comparisons? Correct Answer: Regulation Z Which law ensures that some borrowers have the right of rescission for three business days after a loan contract is signed? Correct Answer: Regulation Z While it is unlawful to consider race when underwriting a loan, what federal legislation requires that this information be included on the loan application? Correct ...

ADJUSTER PRO - INSURANCE ADJUSTER TEST(QUESTIONS AND REVIEWED ANSWERS) 2023-2024 What is insurance? - CORRECT ANSWER-protection against financial loss what is a premium - CORRECT ANSWER-a scheduled amount to be paid for an insurance policy. What are premiums used for - CORRECT ANSWER-premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? - CORRECT ANSWER-the insurer collect...

15-HR NATIONAL USPAP COURSE 2024 QUESTIONS WITH COMPLETEANSWERS ALREADY PASSED AND GRADED A+ Which entity appoints members of the AQB and ASB? They appoint their own members Board of Trustees (BOT) None of the answers shown Appraisal Subcommittee (ASC) - CORRECT ANSWER Board of Trustees (BOT) Qualification criteria for appraiser certification and recertification are disseminated to state appraisal boards by the: Consumer Financial Protection Bureau (CFPB) Appraiser Qualifications Bo...

Which of the following best explains the consistent growth of the federal bureaucracy over the past hundred years? (A) Increases in federal income tax since 1925 (B) The inability of Congress to cut programs (C) The success of Democratic presidents in promoting their policies (D) Public demand for, and expectation of, social services (E) United States Supreme Court rulings requiring Congress to assist those living in poverty - Answer- Public demand for, and expectation of, social services ...

AECN 256 Exam 4 Questions And Answers 2024/2025 Short answer. Briefly describe how green energy requirements has influenced the development of wind farms. - ANS-HR2454 would increase the national market for electricity from wind farms by establishing green energy requirements for electric utilities. Wind farms are being developed primarily to meet state green energy requirements, to generate renewable electricity for sale to electric utilities. Short answer. Explain the role of NRD subdi...

FIN 470 Exam #1 Practice Questions and Answers What entities in the Federal Reserve System Set the Discount Rate? - Ans:-The directors of the 12 district banks set the discount rate and decide which banks can obtain discount loans. What entities in the Federal Reserve System Set the Reserve Requirement? - Ans:-The 7 member Board of Governors (who are elected by the president) set the reserve requirement. What entities in the Federal Reserve System Conduct Open Market Operations? - Ans:-The...

SEVI Exam 2 Questions and Answers Already Passed According to management consultant James Kerr, an organization's people are its most important asset. James is referring to the significance of which of the following resources available to business? Informational resources Human resources Material resources Financial resources Human resources After Wells Fargo meets any applicable reserve requirements (the amount of funds the Federal Reserve Board requires a bank to hold in...

Series 24 Error Log Question and answers rated A+ 2024/2025 Series 24 Error Log - Investment Banking Which of the following are characteristics of the Securities Act of 1933? Requires registration of exchanges. Called the Truth in Securities Act. Requires full and fair disclosure of material facts. Enabled the Federal Reserve Board to determine margin requirements. - correct answer The Securities Act of 1933 regulates new issues of corporate securities sold to the public. The act is a...

what are the 2 functions of money correct answers store value and facilitate trade why do we have such a complex FED reserve system, why did we not just build a central bank in NY city correct answers fear of centralized power fear of wealthy bankers controlling the system the desire to diffused power across the country the desire to ensure that all regions were represented How many Federal Reserve Banks are there? correct answers 12 what are the five pieces of the federal reserve ...

CECN 606- Final Exam Questions and Answers Chapter 2 1. Refer to the exchange rates given in the following table: Country (currency) June 25, 2010 June 25, 2009 FX per $ FX per £ FX per € FX per S Australia (dollar) 1.152 1.721 1.417 1.225 Canada (dollar) 1.037 1.559 1.283 1.084 Denmark (krone) 6.036 9.045 7.443 5.238 Curo 0.811 1.215 1.000 0.703 Hong Kong (dollar) 7.779 11.643 9.583 7.750 India (rupee) 46.36 69.476 57.179 48.16 Japan (yen) 89.35 134.048 110.308 94.86 Mexico (pes...